We hereby inform the Exchange about the update on earlier intimation made under Regulation 30 of SEBI (LODR) Regulations, 2015. Detailed letter is enclosed.
SEPC · price
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SEPC Ltd has announced that a Work Order received from MOIL Limited (a Government Undertaking) for ₹230 Crores has been cancelled. The order was for designing, construction, furnishing and equipping of the 3rd Vertical Shaft on a turnkey basis. The original order was disclosed to the exchanges on December 29, 2025. Notably, no work had commenced on the project. As a consequence of the cancellation, MOIL Limited has forfeited SEPC's Earnest Money Deposit (EMD) amounting to ₹50 Lakhs. This represents a complete loss of the anticipated project revenue and a direct financial hit to the company.
This cancellation removes a ₹230 Crore order from SEPC's pipeline, which would have contributed significantly to future revenues. The forfeiture of ₹50 Lakhs EMD is a direct financial loss. Shareholders should note the loss of a major government contract and monitor for impact on the company's order book guidance.